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Banking - General Knowledge Questions
Under RBI's new directives, what is the minimum initial capital requirement to set up a new universal bank?
A)
Rs 1000 crore
B)
Rs 800 crore
C)
Rs 600 crore
D)
Rs 500 crore

Correct Answer : Option (A) - Rs 1000 crore

The initial paid-up voting equity share capital/ net worth required to set up a new universal bank has been increased to ₹1000 crore (from present ₹500 crore).

Published On : November 28, 2021
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